Regulatory deposits flock from Grayscale and Coinshares, offering ETF based on XRP, Litecoin and Solana. While the Trump administration begins a change of CAP Pro-Crypto, the finance giants accelerate their steps to launch new funds negotiated on the stock market (ETF) based on cryptocurrencies like XRP and Litecoin. These movements arise while the dry, under a new direction, could adopt a more favorable position towards digital assets.
- Grayscale and Coinshares filed documents to launch ETF based on XRP, Litecoin and Solana.
- A change of CAP Pro-Crypto could emerge under the Trump administration, with the arrival of Paul Atkins at the dry.
Grayscale and Coinshares want to launch XRP ETF and Litecoin
Grayscale and Coinshares, two heavyweights of the management of digital assets, recently filed documents with the SEC to launch ETF based on XRP and Litecoin. Coinshares thus submitted declarations for his « CoinShares Litecoin ETF » et « CoinShares XRP ETF »while Grayscale filed forms 19B-4 for its « Grayscale Litecoin Trust » et « Grayscale Solana Trust ».
These deposits aim to convert their existing trusts into ETF in cash, a crucial step to facilitate the access of institutional investors to these cryptocurrencies.
Last week, the SEC was flooded with similar proposals for other cryptocurrencies, including DOGE, reflecting a growing trend among fund managers to capitalize on increased interest in digital assets. The recent approval of the Bitcoin and Ethereum ETF by the SEC has paved the way for these new requests, although the regulator has not yet given its green light for XRP and Litecoin.
-A change of CAP Pro-Crypto under the Trump administration?
These deposits intervene in an evolving political context. With the departure of Gary Gensler, former president of the dry known for his strict position towards cryptocurrencies, and the arrival of Paul Atkins, considered more favorable to financial innovation, the crypto industry hopes for a change of course. President Donald Trump, who has just started his mandate, has already expressed his support for Bitcoin and other cryptocurrencies, suggesting more lenient regulations.
The creation of a new operational force on cryptocurrencies within the Sec, led by Commissioner Hester Peirce, nicknamed “Crypto Mom”, is another positive sign. This team will focus on establishing clear rules for registration and disclosure, while adjusting the application resources more judiciously.
While Grayscale and Coinshares grow for the approval of their ETF XRP and Litecoin, the market remains optimistic about a positive response from the dry. The approval of these ETFs could mark a new step in the institutional adoption of cryptocurrencies, offering investors a regulated and secure means of exposing themselves to these assets. However, despite the changes at the head of the dry and the more conciliatory attitude of the Trump administration, the American regulator will still have to weigh the risks associated with these volatile assets before giving the green light.
